$GBP, $USD Wednesday, British Prime Minister Theresa May’s government survived a no-confidence vote, a day after her BREXIT deal was overwhelmingly rejected by lawmakers. The House of Commons expressed confidence in the government by 325 votes to 306, meaning Mrs. May can remain in office. There was no effect on US financial markets. Tuesday, UK […]
$SPY, $WFC, $CS Wells Fargo (NYSE:WFC) cut estimates for stocks next year on concern the Fed is making policy mistakes that will dampen US economic growth. Chris Harvey, head of equity strategy at the bank, cut his year-end target for the S&P 500 Index to 2,665 from 3,079. While the new forecast represents a 10% […]
Fed to Signal Long Rate Hike ‘Pause’ at December FOMC Meeting President Donald Trump’s top economic adviser said he expects the Fed to pause its interest-rate increases for “quite some time” after a possible hike later this month. As Federal Open Market Committee (FOMC) members prepare to meet on 18-19 December, “I think they’re signaling […]
“Growth ‘Cracks’ Will Shape Fed Funds Rate Debate” $DIA, $SPY, $QQQ, $RUTX, $VXX For the past 2 years we have seen the Fed move ahead with steady rate increases in an economy that has done better than many had expected, boosted by government spending, tax cuts, and global growth. The easy part may be over, […]
Thanksgiving Football Weekend, Winning the Financial Debate When this year’s holiday weekend discussion turns to the US economy, which it may, you need to be primed correctly. Whether your relatives want to talk about the job market as casual observers or parse Fed actions like superNerds, we have prepared rebuttals for some of Y 2018’s […]
All Indicators Say, “S&P 500 Will Hit 3,000 by Year’s End” $DIA, $SPY, $QQQ, $RUTX, $VXX Investment guru Byron Wien predicts that this Bull run, the longest in history, in the stock market is not over, and there is no recession in sight. Mr. Wien recently said in a TV interview that he is “not […]
Ferrari’s (NYSE:RACE) CEO Believes ‘Little Progress’ Made on F1 Economic Issues $RACE CEO Louis Camilleri believes little progress has been made on F1 economic issues Ferrari’s (NYSE:RACE) new boss says that Liberty Media’s proposed budget cap is not exactly close to becoming reality. F1 owner Liberty wants to improve the sport by limiting the huge […]
Roaring Trump Economy Benefits ‘Blue Collar’ Worker the Most Monday, White House economic adviser Larry Kudlow says American blue-collar workers are the ones most benefiting from President Donald Trump’s robust economic growth. “We’re running solidly. You know who the biggest beneficiaries are? Blue-collar workers. Take a look at the numbers,” the veteran financial guru and […]
The US is in a ‘Great Economic Boom’ $DIA, $SPY, $QQQ, $RUTX, $VXX Americans’ evaluations of current US economic conditions and the economy’s trajectory are the most optimistic in nearly 20 years, Gallup reported. Currently, 54% of Americans rate economic conditions as “excellent” or “good,” and just 12% as “poor,” Gallup reported. Also, by 57% to […]
China’s Growth Slows, Investors Seeking Reassurances Friday, China reported economic growth sank to a post-global crisis low as finance officials launched a media blitz to shore up confidence in its fall stock market. Growth in the Quarter that ended in September slipped to 6.5% over a year earlier from the prior Quarter’s 6.7%, official data […]
President Trump, “My Biggest Threat Is the Fed” Tuesday, US President Donald Trump escalated his assault on the Fed, calling the central bank the biggest threat of his Presidency. “My biggest threat is the Fed,” President Trump said in a TV interview. “Because the Fed is raising rates too fast, and it is too independent,” he […]
DJIA + 547.87 On Strong Q-3 Earnings Reports $DIA, $SPY, $QQQ, $RUTX, $VXX The S&P 500 cut through its 200-Day MA, closing 2.2% higher and reducing its October loss to 3.6%. Tuesday, US stocks rose more than 2% after upbeat earnings reports from major companies, and solid economic data, as equities rebounded from last week’s […]
“US is the Hottest Economy in World” US economic strength is built upon very real, solid fundamentals. National Economic Council Director Larry Kudlow said the American economy is beating the rest of its global rivals despite the stock market’s volatility. “We are the hottest economy in the world right now. We’re crushing it,” he said […]
President Trump’s Economic Boom Can Last ‘A Good Many Years’ President Trump is Guiding ‘Hottest Economy’ in World Larry Kudlow, director of the White House’s National Economic Council, does not see an end to the robust economic growth sparked by President Donald Trump’s strategy. “I just do not see where this is going to end,” he […]
“Enormous Confidence” Driving US Economic Growth “President Trump is a growth guy and he has launched a boom that nobody thought possible.” The National Economic Council Director Larry Kudlow says “enormous confidence” just one of the many factors driving robust economic growth, which he does not expect to stop anytime soon. “I’ll start with the […]
“No Great ‘Potholes’ Seen Stopping President Trump Economic Growth Policies” $DIA, $SPY, $QQQ, $RUTX, $VXX JPMorgan Chase & Co. CEO Jamie Dimon expects robust economic growth “may very well continue” because he does not see any “great potholes” stopping it. Mr. Dimon said in a TV interview Monday hat he cannot tell whether the China […]
Gold-Silver Ratio at Highest Mark in 27 Years $GLD, $SLV, $OIL, $SPY, $QQQ The Gold-Silver Ratio has been one of the most reliable technical ‘buy’ indicators for Silver, whenever the ratio climbs above 80. The Big Q: Is the current spike in the gold/silver ratio forecasting another stock market crash? The gold-to-silver ratio has moves […]
The Trump Effect: US economy Poised for Strong Growth in Q-3 US economy is expanding at a 4.4% annualized rate in Q-3, the Atlanta Fed’s GDPNow forecast model showed Friday despite retail sales recording their smallest gainer in 6 months in August. Consumers cut back on purchases of motor vehicles and clothing, but upward revisions to […]
Hurricane Florence Will Distort Economic Data, Expect Little Harm $HD, $LOW The coming economic impact of Hurricane Florence is unlikely to be large but will likely muddle US data for months, judging from past experience. Last year, Hurricanes Harvey and Irma constrained activity in Q-3 of Y 2017 and sparked rebuilding later in the year […]
NKorea’s 70th Anni Parade “a big and very positive statement” Sunday, US President Donald Trump saluted NKorean leader Kim Jong Un Sunday for holding a massive military parade “without the customary display of nuclear missiles” to celebrate his country’s 70th Anniversary. “This is a big and very positive statement from NKorea. Thank you To Chairman […]
President Trump’s Mexico Trade Deal a Look at the Future President Donald Trump has sidestepped conventional processes, protocols and procedures in trade negociations Last Monday, the US reached a preliminary trade agreement with Mexico that addresses several American grievances. A similar deal with Canada may also to be on track. These breakthroughs, combined with an easing […]
Protecting Endangered Animal Species Cost US Taxpayers 100’s of Billions President Trump is moving to reform the ESA’s management of endangered species Democrats are slammed the President’s attempts to correct this over regulation. Factoring in the taxpayer cost of blocking dams, roads, pipelines Protecting endangered species likely costs the economy hundreds of billions of dollars […]
US Economic Boom the “single most important political story” President Trump fully deserves the credit, he said, for lowering tax rates, rolling back trade regulations and enforcing trade reform. The United States’ economic boom is the “single most important political story” that has happened this year, National Economic Council Director Larry Kudlow. “This is going to […]
Millennials, Baby Boomers to Fuel Historic Economic Expansion $DIA, $SPY, $QQQ, $RUTX, $VXX Monday, investment guru Ed Yardeni predicted millennials and baby boomers will help the US achieve its greatest economic expansion in history. “They the baby boomers are increasingly becoming minimalists. They are trading down in terms of houses that they want to live […]
China’s Political and Economic Waters Look Choppy As China’s leaders gather for their annual Yellow Sea retreat, its political and economic waters look choppy. Chinese President and ruling Communist Party leader Xi Jinping is beset by economic, foreign policy and domestic political challenges just months after clearing his way to rule for as long as […]
US Economic Growth Forecast The WS-J’s monthly survey of private economists see now the average estimate for US economic growth this year to have increased to 3R, up from projections of 2.9% last month and 2.4% a year ago. The survey of private economists also expects the unemployment rate falling to 3.6% by June 2019, which would be […]
Heavy Economic Sanctions Against Iran Back On at Midnight, More Coming Heavy economic sanctions will come back into effect at Midnight, but some of the implications are already being seen. “The pressure on the Iranian economy is significant,” Bolton said in a TV interview Monday. “The value of its currency is going through the floor. We’ve seen […]
Perez and Pelosi Do Not Like President Trump’s Economic Policies Key Dem party leaders do not agree with or like US President Donald Trump in part because his economic policies following a July jobs report that showed the U.S. added 157,000 jobs and unemployment fell to 3.9% Friday. Democratic National Committee (DNC) Chairman Tom Perez released […]
President Trump’s Middle East Team Forging Israeli-Palestinian Peace US officials say The Trump Administration is staffing up a Middle East policy team at the White House in anticipation of unveiling its long awaited but largely mysterious Israeli-Palestinian peace plan. The National Security Council last week began approaching other agencies seeking volunteers to join The Team, […]
The Atlanta Fed Lifts Q-3 GDP Growth View to 5% The US economy is growing at a 5.0% annualized rate in Q-3 following the latest data on construction spending and manufacturing activity, the Atlanta Federal Reserve’s most-recent GDPNow forecast model showed. That is faster than the 4.7% pace calculated by the regional Fed’s forecast program […]
The Trump Administration Pushes Chinese Officials Back to the Negotiating Table $CNY Wednesday, China cautioned the US against “blackmailing and pressuring” it over trade as The Trump Administration pushes officials back to the negotiating table through threats of even higher tariffs. President Donald Trump’s officials are considering more than 2X’ing planned tariffs on $200-B in […]
ADP: US Companies Add Healthy 219,000 Jobs in July US businesses added 219,000 jobs in July, a private survey found, a robust total that suggests employers are still able to find the workers they need despite the low unemployment rate. Payroll processor ADP said Wednesday that hiring was led by health care providers, hotels and […]
President Trump’s Policies Restore Economic Prosperity After about 19 months in the Oval Office, US President Donald Trump’s economic policies have begun to return the US to real economic prosperity. The U.S. Bureau of Economic Analysis (BEA) announced that in Q-2 of this year GDP grew at a 4.1% annual rate. It has been 13 years since […]
Strong US Economic Growth Is Sustainable $DIA, $SPY, $QQQ, $RUTX, $VXX Friday, the White House chief economic adviser Larry Kudlow said strong economic growth is sustainable and will continue. President Donald Trump hailed the 4.1% Q-2 growth rate as proof that “we’ve accomplished an economic turnaround of historic proportion.” “I don’t think this is the end of […]
US Q-2 GDP Figure Will Be ‘Big’ $DIA, $GM June Advance International Trade in Goods (actual -$68.30-B, consensus -$66.70-B) Advance Wholesale Inventories (actual 0.0%; prior 0.4%) June Durable Orders (actual 1.0% consensus 3.2%; prior -0.3%) June Durable Goods -ex trans (actual 0.4% consensus 0.4%; prior 0.3% White House economic adviser Larry Kudlow said Friday’s GDP release will reflect “big” […]
US Considering Crude Oil Waiver on Iran Sanctions for 1 Country $OIL, $USO The Trump Administration is pushing countries to cut all imports of Iranian Crude Oil from November on. The US wants to avoid disrupting global Crude Oil markets as it reimposes sanctions against Tehran and in certain cases will consider waivers for countries […]
US Inflation Rate at 2.9% in June, Highest in 6 Years US consumer prices rose in June from a year earlier at the fastest pace in more than s6 years, lifted by more expensive gas, car insurance, and higher rents. Last Thursday, the US Labor Department said that the CPI (consumer price index) ticked up […]
Many US Industries Will Thrive During Trade Tensions $DIA, $SPY, $QQQ, $RUTX,$ VXX Several US industries are set to withstand the trade dust-up or even thrive, according to US financial services firm Cowen and Company. China’s recent revisions to tariffs have a clear benefit to luxury retailers, Cowen analysts said in its report. While the […]
This US Economic Recovery is “Far from over” $JPM JPMorgan Chase & Co. (NYSE:JPM) CEO Jamie Dimon does not see any reason the 9-year economic recovery will end any time soon. “We’re probably in the 6th inning,” Mr. Dimon said Friday at an investor conference in New York. “It’s very possible you’re going to see […]
President Trump’s Economic Agenda The Trump Administration has outlined big economic agenda items at focus on a stable USD, robust American growth and fair trade. Larry Kudlow, the Wall Street economist who is now the director of the White House’s National Economic Council and is advising our President Mr. Kudlow said he is trying to […]
The US Stock Market Remains in Consolidation Mode $DIA, $SPY, $QQQ, $VXX, $USO The Bull has paused to refresh Fundamentals are Strong Interest rates are low Some pundits are saying that the world markets entered Y 2018 speculating that the most synchronized global economic expansion in a decade was going to get to Hot, but […]
The ‘Trade War’ is Over Before it Started $DIA, $SPY, $QQQ, $VXX The Trump Trade policies look to me like they are working, so… If the trade war is over before it even began, then the US stock market should be set up for another a sigh of relief and a new rally that will […]
Larry Kudlow Does Not See Major WH Economic Staff Changes US President Donald Trump’s incoming National Economic Council Director Larry Kudlow has asked the staff assembled by outgoing chief Gary Cohn to stay with him. “It’s a terrific staff, and I’ve asked everyone to stay on,” Mr, Kudlow told reporters Trusday. “I’ve met with all […]
FOMC’s Rate Hike Will Not Slow President Trump’s Economic Plan The Powell Fed shows confidence in the US Economy The Fed’s rate increase Wednesday will not slow President Donald Trump’s economic agenda, but it will make home mortgages more costly. “I don’t think this is going to affect the economic expansion very much,” economist Peter […]
Insight into the Stock Markets’ ‘Quick’ Correction $DIA, $SPY, $QQQ, $VXX As US stock markets conclude 1 of the worst weeks point-wise in history, below is a list of the Key things to know about the quick 9 day corrective action, as follows: It was driven by technicals, not fundamentals. The ongoing market correction does […]
Leading Indicators Up, Trump Tax Cut Momentum Continues $DIA, $SPY, $QQQ, $VXX An Key economic indicator rose more than expected in December and President Donald Trump’s landmark tax cut will likely push it even higher in the near future. Leading indicators rose 0.6% in December, more than the 0.5% expected by economists surveyed by Reuters. […]
US President Trump to WEF Davos: “US is Open for Business” President Donald Trump to meet with world leaders, dine with business executives and declare America “Open for Business” during his trip to the Davos WEF Summit this week. White House officials said Tuesday the President is going to the World Economic Forum (WEF) to […]
The Trump Bull Market Rally ‘Rages’ $DIA, $SPY, $QQQ, $VXX Wall Street continued The Trump Rally Friday with record closing highs as Q-4 earnings season kicked off with solid results from banks and strong retail sales drove investor optimism about US economic growth. The S&P 500 is enjoying its best 10-day start to a year […]
The Trump Way: Prosperity, American Populism $DIA Steve Bannon Down, Market Up Signals the Resurgence of Real American Populism There were 2 big stories in the 1st week of this New Year: The DJIA soared 577 points, and Steve Bannon ended his political career. Are these two events related? Perhaps more than you might think. […]
The Trump Bull Market Charges Into 2018, DJIA Breaks 25,000 $DIA, $SPY, $QQQ, $VXX The macro indicators are telling investors that world economies are doing really well under President Trump’s MAGA policies. Thursday, the DJIA broke above the 25,000 for the 1st time, and other major US indexes posted new records, driven by strong US […]
US Stocks Post Record Highs, as Trump Rally Extends $DIA, $SPY, $QQQ, $VXX All 4 major US stock market indices finished at new all-time highs The S&P 500 Index surged past the 2,700-mark Wednesday and other major indexes hit record intra-day highs as technology stocks climbed on indications of strong economic growth in the US […]
Trump Policies Lead the US, Global Economies in Surprise Recoveries MAGA The global economy found its post-crisis footing in Y 2017, with most major developing economies surprising on the Northside. Comparing Y 2017 predictions made a year ago Vs the likely up-turn based on the latest forecasts in Bloomberg’s monthly survey, shows that the Pessimists […]
President Donald ‘Santa’ Trump Delivering Strong Economic Data There looks to be no end to the strong data. Revised Q-3 GDP, December Philadelphia Fed Manufacturing Index, November Leading Indicators, October Home Prices and Weekly Jobless Claims GDP: 3.2% (down 0.1 percentage point) Phila. Fed: +3.5 points LEI: +0.4% Home Prices (Over-Year) +6.6% Jobless Claims: +20,000 […]
US Growth is Expected to Stay Above the Forecast Rate $DIA, $SPY, $QQQ, $VXX Econ 101: no inflation no growth. Investors have been underestimating the importance of US economic growth for Fed policy, and giving too much relative emphasis to inflation and wage data that have tended to disappoint expectations, If it starts looking more […]
Americans’ Economic Confidence Is Strong $DIA, $SPY, $BA Americans’ confidence in the economy remains strong heading into the final weeks of the Christmas Holiday shopping season. Gallup’s U.S. Economic Confidence Index registered +7 last week, similar to the prior week’s score of +9 and close to this year’s average of +6. Americans’ low expectations for how the […]
President Trump’s Tax Cuts Promote Growth, Reduce Deficit $DIA, $SPY, $QQQ, $VXX Market Notes Stocks rose to new all-time highs with technology and energy shares pacing the advance as The Trump Rally extends The CBOE launched Bitcoin (BTCUSD)futures trading Sunday evening. The 1-month futures contract was trading at around $18,600 at the stock market’s closing bell. […]
Stocks World Wide at Record Highs $DIA, $SPY, $QQQ, $VXX. $DAX The Trump Bull Market Rally is Up and Running Major world stock markets rallied and government bond yields fell Tuesday as strong corporate profits, steady global growth and low inflation provide few alternatives for investors outside of stocks. Equity markets from Asia to Europe […]
Economic-Confidence Index at Near 9-Year Highs America First! Americans’ confidence in the economy remained steady last week, holding at the highest level since mid-August and one of the highest levels in the past nine years. Gallup’s US Economic Confidence Index averaged +7 for the week ending 12 November. Amid a booming stock market and a falling unemployment […]
The Hussein Obama Era of Economic Surrender Is Over $DIA, $SPY, $QQQ, $VXX Stocks ended the Week, and the Quarter, on a high note, driving the S&P 500 (+0.4%) higher for the 4th session running to record highs, as The Trump Rally extends. US GDP Revised Up to 3.1% in Q-2, exceeding economists expectations Friday, […]
Saudi’s Accelerate Economic Reforms, Aramco IPO on Track Saudi Arabia’s government says that it is accelerating its economic reforms, while revising some of them to give ministries more flexibility in meeting their targets. The Vision 2030 reform program, launched by Crown Prince Mohammed bin Salman last year, aims to free the economy from dependence on […]
US Economic Growth Revised to 3%, Stronger Household Spending The pace of growth is in line with The Trump Administration’s long-term goal of 3% as the President’s policies kick in. US Q-2 growth was revised upward to the fastest pace in 2 years on stronger household spending and a bigger gain in business investment, putting […]
The 3 Hurdles to 3% Economic Growth in the US President Trump’s 2018 budget assumes uninterrupted increases in the pace of economic growth during each of the next three years before real GDP growth levels out at 3% for every year thereafter. Our own forecast is less sanguine, as are those of the Congressional Budget […]
US Economic Outlook Improving, Leading Indicators Up $DIA,$SPY, $QQQ, $VXX US leading indicators increased 0.6% in June, beating estimates for a 0.4% rise according to economists polled. This is up from a gainer of 0.3% in May, according to the Conference Board. The index is a closely followed indicator for how healthy the US economy […]
Allianz Investment Management (OTCMKT:AZSEY) Looks at the US & EU Markets $AZSEY In Q-1, it appeared that inflation in the US would indeed move up, as the labor market continued to show signs of strength and job creation remained strong. Economic growth in Q-1 was weaker than FY forecasts, but financial markets have come to […]
Russia-China Cooperation Enhanced by Belt & Road Initiative Russian President Vladimir Putin said Thursday that he hopes the China-proposed Belt and Road Initiative will start a new stage of cooperation in Eurasia and beyond. This initiative is unique and successful, said President Putin when answering a question raised by reporters after his annual “direct line” […]
European Central Bank Facing Continuing Challenges The European Central Bank (ECB) facing continuing challenges when its Governing Council meets Thursday in Estonia. The Eurozone’s central bank is likely to err on the side of prudence by avoiding any notable reduction in monetary stimulus, even though the arguments points to a different policy direction. The argument […]
Watch as China Moves in on the Trump Weakened European Union Chinese Premier Li Keqiang’s upcoming visit to Germany and Belgium will enhance diplomatic relations with the 2 countries, and further benefit Europe. Li’s visit is among the increased high-level exchanges between China and Europe in recent years as the 2 sides are cementing ever-closer […]
President Donald Trump is the Antithesis of Barack Hussein Obama US President Donald Trump comes from a business world of profit and loss. He practices a presidential style which sees the world in terms of Good and Evil, Black and White. As far as the Levant and Middle East is concerned, President Trump wants economic […]
FOMC Ties Rate Hikes to Economic Rebound The Fed (FOMC) policymakers agreed they should hold off on raising interest rates until they see evidence that a recent economic slowdown was transitory, mins from their 2-3 May policy meeting showed Wednesday. Nearly all policymakers at that meeting said they favored starting the wind-down of the Fed’s […]
Investors “Pause to Refresh’ Major Indexes Drift at All-time Highs $DIA, $SPY, $QQQ, $VXX The S&P 500 was down slightly Tuesday after mixed economic data and earnings while the NAS Comp hit another record as it was boosted by gains in technology stocks. US manufacturing production showed its biggest increase in more than 3 years […]
German Chancellor Angela Merkel is Out of Touch with the World Today Germany is a country in crisis German Chancellor Angela Merkel Wednesday told B20 Summit 2017 in Berlin that globalization and inclusive growth are important for the global economy. To the G20-related business gathering, Merkel said the world is interconnected and the prosperity should […]
FOMC Holds Interest Rates Steady as Expected $DIA, $SPY, $QQQ, $VXX The FOMC kept interest rates unchanged Wednesday and downplayed weak Q-1 economic growth while emphasizing the strength of the labor market, signalling it is on track for 2 more rate hikes this year. In a statement following the end of a 2-day policy meeting, […]
The Trump Tax Cut Signals “the War against American Business is Over” US President Donald Trump’s proposed tax cuts will boost incentives for Americans to work, invest and save, good on Donald Trump. “The War against business is over,” Larry Kudlow said in an interview Wednesday. “The biggest single missing ingredient in tax policy over […]
President Trump’s Earth Day Message, “protect the environment and our workers.” President Donald Trump celebrated Earth Day Saturday and delivered a message that wove a commitment to protecting the environment with support for American workers. “My administration is committed to keeping our air and water clean, to preserving our forests, lakes, and open spaces, and […]
Fact: Economic Growth Under Barack Hussein Obama was ‘Terrible’ Former US President Barack Hussein Obama was horrible for economic growth in Y 2016 the data shows. The US economy grew just 1.6% in Mr. Obama’s last year in office, a mark that puts the Obama Presidency in last place among 13 post-World War II Presidents […]
The Trump Effect: US Consumer Confidence Highest in 16 Years US consumer confidence rose to its highest mark in more than 16 years, a strong gain for one of President Donald Trump’s preferred economic indicators. The Conference Board said Tuesday that its consumer confidence index rose to 125.6 in March from 116.1 in February, the […]
Growth Opportunities for Hong Kong in Emerging “Greater Bay Area” Hong Kong will gain new growth momentum with the emergence of the “Guangdong-Hong Kong-Macao Greater Bay Area,” an ambitious central government initiative aimed at boosting development of the Cantonese-speaking region in southern China, local scholars and economic analysts say. In his annual government work report […]
Trumpism: New York Fed Raises Q-1 & Q-2 GDP Outlook to 3.19% $DIA, $SPY, $QQQ, $VXX The New York Fed Friday raised its estimates for US economic growth in the 1st and 2nd Quarter from a week ago following the latest data on inventories, trade and jobs US GDP (gross domestic product) is on track […]
This Week, Market’s Focus on President Trump Message to Congress $SPY, $GLD, $USD Tuesday evening, 28 February, US President Donald Trump is slated to give a major address to a joint session of Congress in lieu of the usual State of the Union address. This 1st official congressional address by our President may be pivotal […]
The Market Knows What the Market Knows, the Financial News is Real $SPY Buy the News, Sell the soft Data. That is the conclusion drawn from a paper by the Federal Reserve Bank of San Francisco, which suggests that financial news holds predictive power when it comes to economic data. Stories about the US economy […]
Free Trade Key Driver for Canada’s Economic Growth Two public-sector reports issued here over the past two days have both identified free trade as a key driver to Canada’s economic growth. In a report released on Tuesday, Canada’s Standing Senate Committee on Foreign Affairs and International Trade acknowledged that free trade agreements are an essential […]
Economic Confidence Index Hit New Highs With President Trump $DIA, $GLD Americans’ confidence in the US economy rose to record highs at the time President Donald Trump officially entered the White House, as optimism was higher in January than in any other month since Y 2008. Gallup’s US Economic Confidence Index averaged plus+11, the highest […]
1,000,000 American Jobs at Risk on Fuel Economy Standards $F, $GM, $FCAU About 1-M US jobs are at risk if fuel-economy rules do not align with market reality, according to Ford Motor Co. CEO Mark Fields. Mr. Fields and fellows: General Motors Co. (NYSE:GM) CEO Mary Barra and Fiat Chrysler Automobiles NV’s (NYSE:FCAU) CEO Sergio […]
Gallup: US Economic Confidence Highest in 9 Years $DIA, $SPY, $QQQ, $VXX The election of Donald Trump as President not only helped the stock market to reach record highs, but also has lifted Americans’ confidence in the economy. Tuesday, The Trump Rally extended with the S&P 500 and NAS Com at record highs. Gallup’s US […]
The Week Ahead on Wall Street $MCD, $TVR, $BA, $CAT, $INTC, $MSFT Q-4 earnings season picks up this week with 106 members of the S&P 500 scheduled to report to Wall Street. Included in this group are 12 DJIA components, as follows: Monday: McDonald’s Corp. (NYSE:MCD) Tuesday: 3M (NYSE:MMM), Du Pont (NYSE:DD), Johnson & Johnson […]
Globalization, a New World or a Dead End Economic globalization is at a Crossroad, the next step to be taken by major players will lead to either a New World or a Dead End. The world is a place in time when protectionism, populism and isolationism are on the rise in the developed countries, as […]
UK Leaders to Play ‘Hardball’ in Talks with EU on Market Access $GBP Sunday, Britain’s leaders signaled their resolve to play hardball in talks with the EU, suggesting they will look for partners elsewhere if the bloc restricts access to its huge market. Under pressure to reveal her Brexit plan, British Prime Minister Theresa May’s […]
China’s President Xi Jinping 1st Chinese Leader to Attend Davos WEF President Xi Jinping this month will become the 1st Chinese head of state to attend the World Economic Forum (WEF) in Davos. Xi will take center stage at the Jan. 17-20 forum with China presenting itself as a champion of globalization. Tuesday, the Chinese […]
The Growing Regional Power of the United Arab Emirates In recent years, the United Arab Emirates (UAE) has positioned itself as a Key player in the processes shaping the region (GCC). After dealing with potential threats at home, the federation took a leading role in contending with some of the political, economic, and military challenges […]
Brexit Predictions Were Wrong $GBP The Bank of England’s chief economist says forecasters got it wrong when they predicted a sharp economic downturn if Britain voted to leave the European Union. Andy Haldane says the country’s strong economic performance since the June 2016 referendum has been a surprise to all, and the economic forecasting profession […]
China’s WTO Membership Brought Beijing a Very Active Role in Global Trade In November China marked 15 years since becoming a World Trade Organization (WTO) member, a WTO official applauded not only the progress made since Y 2001 but also Beijing’s active role within the global trade body and increasing leadership and vision on multilateral […]
China’s ‘New Normal’ Driving Study Economic Growth China will remain as an engine of global economic growth in Y 2017 due to its stability in an uncertain international context, said Argentine sociologist Josefina de Rosa. China’s “New Normal” of economic growth has allowed its economy to grow steadily, de Rosa said, citing China’s average growth of […]
New Year’s Health Resolution, Eat REAL Food Facct: More Than Half of All Americans Are Chronically Ill The cost of health care in the US has increased over the past year accounting for 17% of GDP. But even though the US spends more than $3-T on health care each year, it is the worst performing […]
US Market Entering the 9th Year of this Bull Market $DIA, $SPY, $QQQ, $VXX Valuation is not a great tool for market timing, as equity cycles can run longer that people think, and selling just because PE/R’ are high has repeatedly proven a mistake. Consider the S&P 500, which as of now has spent 42 […]
The Trump Rally Continues to Notch New Highs $DIA, $SPY, $QQQ, $VXX Friday, the major US stock indexes drove North record highs, with the S&P 500 ending the week +3%, as investors bid up shares in sectors that have lagged since Donald Trump was elected President of the United States. The S&P 500 marked a […]
US President Donald Trump’s Tax Cuts “Economic Nirvana” US President Elect Donald Trump’s proposed tax policies will have a positive effect much the same President Ronald Reagan’s did. Economist Art Laffer, a former member of Ronald Reagan’s Economic Policy Advisory Board, said that Donald Trump should not worry about America’s growing trade deficit, and he […]
The Week Ahead on Wall Street $HD, $CSCO, $WMT Earning season is slowing, this week just 20 members of the S&P 500 will report to Wall Street Included in this lot are 3 DJIA stocks: Home Depot (NYSE:HD) Tuesday, Cisco Systems (NASDAQ:CSCO) Wednesday and Wal-Mart Stores (NYSE:WMT) Thursday. Economic reports The week’s 1st economic […]
No Need for China to Fake Steady GDP Growth China’s economy has achieved steady growth of 6.7% for 3 Quarters running, leading many analysts to suspect that there has been some data smoothing. However, the reality is that the government simply has no incentive or necessity to whitewash the real economic picture. It’s routine for […]
Asian Regional Cooperation Fuels Growth Momentum Financial cooperation will bring new growth momentum to Asian countries, given that although there have been visible outcomes in this field, the scale is somewhat limited. “The low-hanging fruit has already been picked in Asian regional cooperation after years of development,” said China’s Vice Finance Minister Shi Yaobin at […]
The Week Ahead on Wall Street $IBM, $GS, $GE, $AXP, $MSFT Earnings season will pick up this week as 11 members of the DJIA are scheduled to report: International Business Machines (NYSE:IBM) Monday Goldman Sachs Group (NYSE:GS), Intel Corp. (NASDAQ:INTC), Johnson & Johnson (NYSE:JNJ) and UnitedHealth Group (NYSE:UNH) Tuesday American Express Co. (NYSE:AXP) Wednesday; Microsoft […]